Sep, 30, 2022 — MOBILE GOVERNMENT EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 2 branch locations and about $23.08 million in total assets. Opened 95 years ago in 1928, MOBILE GOVERNMENT EMP. CREDIT UNION has about 752 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOBILE GOVERNMENT EMP. CREDIT UNION |
|---|---|
| Address: (Main Office) | 109 Saint Joseph St MOBILE, AL 36602-3605 |
| Phone: | (251) 694-4100 |
| Fax: | (251) 694-4316 |
| Website: | https://mobgecu.com |
| Branches: | 2 branch locations |
| Members: | 752 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61339 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,079,535 |
| CEO/Manager: | WINIFRED A MAIBEN |
| Chairperson: | Janet M DRISKELL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 238,809 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,168,542 |
| Unsecured Loans | 222,996 |
| Other Loans | 1,468,777 |
| TOTAL LOANS | 2,860,315 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,053 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 208,988 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,079,535 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 61,530 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 19,587,595 |
| All Other Shares & Deposits | 194,599 |
| TOTAL SHARES & DEPOSITS | 19,782,194 |
| TOTAL LIABILITIES | 19,843,724 |
| Regular Reserve | 0 |
| Other Reserves | 1,632,566 |
| Undivided Earnings | 1,603,245 |
| TOTAL EQUITY | 3,235,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,079,535 |
| INCOME & EXPENSE | |
| Loan Income | 80,805 |
| Investment Income | 235,504 |
| Other Income | 3,999 |
| Total Employee Compensation & Benefits | 180,365 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,735 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 67,253 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,955 |
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